Vinh Son - Song Hinh Hydropower JSC (HOSE:VSH)

HOSE:VSH Balance Sheet

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	331,776	368,165	133,465	131,477	52,398	15,113
Short-Term Investments	39,000	-	-	-	-	-
Accounts Receivable	788,083	579,658	1,172,100	795,915	483,530	94,439
Other Receivables	10,705	3,649	4,605	4,264	4,553	7,003
Inventory	109,719	107,695	104,579	100,371	101,917	100,663
Other Current Assets	1,712	40,569	47,202	41,861	48,657	145,388
Total Current Assets	1,280,996	1,099,736	1,461,951	1,073,889	691,055	362,606
Property, Plant & Equipment	7,344,815	7,492,420	8,056,416	8,621,204	9,311,544	9,301,238
Long-Term Deferred Tax Assets	1,142	1,142	1,142	1,142	1,142	1,142
Other Long-Term Assets	13,345	14,584	13,690	14,082	12,871	11,180
Total Assets	8,640,297	8,607,882	9,533,199	9,710,316	10,016,612	9,676,165
Accounts Payable	139,104	145,161	137,607	167,200	313,474	360,954
Accrued Expenses	132,204	33,084	26,646	97,080	265,531	62,411
Short-Term Debt	67,377	-	-	-	33,000	478,600
Current Portion of Long-Term Debt	-	115,370	196,486	135,229	109,359	293,003
Current Income Taxes Payable	-	70,181	118,500	163,806	150,061	99,665
Other Current Liabilities	118,553	121,448	714,757	4,347	5,984	55,128
Total Current Liabilities	457,238	485,245	1,193,995	567,662	877,409	1,349,762
Long-Term Debt	3,152,985	3,237,603	3,542,604	3,914,549	4,927,017	4,996,146
Other Long-Term Liabilities	201,734	201,734	201,734	201,734	201,734	-
Total Liabilities	3,811,958	3,924,582	4,938,334	4,683,946	6,006,161	6,345,908
Common Stock	2,362,412	2,362,412	2,362,412	2,362,412	2,362,412	2,062,412
Additional Paid-In Capital	6,272	6,272	6,272	6,272	6,272	6,332
Retained Earnings	2,431,994	2,286,955	2,198,519	2,630,025	1,614,105	1,233,851
Comprehensive Income & Other	27,661	27,661	27,661	27,661	27,661	27,661
Shareholders' Equity	4,828,340	4,683,300	4,594,865	5,026,370	4,010,451	3,330,257
Total Liabilities & Equity	8,640,297	8,607,882	9,533,199	9,710,316	10,016,612	9,676,165
Total Debt	3,220,362	3,352,973	3,739,091	4,049,779	5,069,376	5,767,749
Net Cash (Debt)	-2,849,586	-2,984,809	-3,605,626	-3,918,302	-5,016,978	-5,752,637
Net Cash Per Share	-12213.46	-12634.58	-15262.47	-16586.02	-21498.46	-27892.76
Filing Date Shares Outstanding	241.2	236.24	236.24	236.24	236.24	206.24
Total Common Shares Outstanding	241.2	236.24	236.24	236.24	236.24	206.24
Working Capital	823,757	614,492	267,955	506,226	-186,354	-987,157
Book Value Per Share	20018.36	19824.23	19449.88	21276.43	16976.08	16147.39
Tangible Book Value	4,828,340	4,683,300	4,594,865	5,026,370	4,010,451	3,330,257
Tangible Book Value Per Share	20018.36	19824.23	19449.88	21276.43	16976.08	16147.39
Buildings	-	9,408,505	9,390,534	9,389,694	9,389,600	2,083,877
Machinery	-	2,891,700	2,870,631	2,847,202	2,825,907	1,035,658
Construction In Progress	26,991	26,991	49,625	55,787	175,777	8,791,384

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.